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Essex 01810
Lot 3 Matthews Way #1
$394,900
● Multifamily - Off Market

Lot 3 Matthews Way #1

North Andover, MA 01810
bedrooms
3 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
2,150 Ft²
$680,290
RealtyHop Estimate
72.27%
Since May 1, 2016
National-US
Primary Model

About This Property

Welcome to Matthews Way.  This brand new street will feature 10 new units.  Lot 3 is a gorgeous 7 room 3 bedroom 2 1/2 bath townhouse nestled at the end of the street.  The kitchen features granite counter tops, stainless steel appliances, and a large peninsula  The spacious eating area has a slider leading to a nice deck.  On the second floor you will find three bedrooms including a full master suite.  The walk up finished third floor is perfect for a home office or media room.  One car garage completes this beautiful home.  Get in now and choose your cabinets, lighting, flooring and wall colors.  This location is within walking distance to the shops and restaurants downtown. Easy access to 495.  Reserve yours today! For GPS use 288 Sutton street
Unit Size
2,150 Ft²
Days on Market
-
Land Size
-
Price per sqft
$184
Property Type
Multifamily
Property Taxes
-
HOA Dues
-
Year Built
1970

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Cap Rate Calculator

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Cap Rate 100% Occupancy
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What does this mean?

Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.

How much can I actually make?

Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.

How is cap rate calculated?

Cap Rate = Net Operating Income (NOI) / Property Asset Value.

When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.

Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.

Last updated: 4 months ago (MLSPIN #71936979)

Price History

Date / Event Date Event Price
Apr 15, 2016 Sold
Premium
Sold
Nov 30, 2015 Listed by Real Living Schruender Real Estate $394,900
Listed by Real Living Schruender Real Estate

Property Highlights

Parking Available
Garage
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1970
  • Effective Year Built: 1970
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 1
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 5
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 720
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 35,048
  • Total Building Area: 2,274
  • Gross Building Area: 2,918
  • Building Area: 2,274
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 2,274
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: PLAN 5120
  • Land Acres: 0000000805
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Andover School District
  • Census Tract: 254402

Zoning

  • Zoning: SRC

Geography

  • Parcel: ANDO M:00129 B:00024 L:00000
  • Block: 24
  • Municipality: ANDOVER
  • Latitude: 42.6767
  • Longitude: -71.1879

    Address

  • Full Address: 3 Matthew St
  • Address - House Number: 3
  • Address - Street Name: Matthew
  • Address - Suffix Type: St
  • State: MA
  • City Name: Andover
  • Carrier Code: C013
  • 4-Digit Zip Code: 1103
  • Zip Code: 01810

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,017,000

    Appraisal Valuation

  • Standard Deviation: 0.1543
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 81
  • Final Value: 955,841
  • High Value: 1,103,401
  • Low Value: 808,281

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $744,500
  • Assessed Land Value: $376,900
  • Assessed Improvements Value: $367,600

    Sales

  • Current Sale Recording Date: Jun 28, 2013
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Previous Sale Recording Date: Jul 27, 2012
  • Previous Sale Amount: $321,000
  • Previous Sale Document Type: O
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Request mortgage information redaction

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Essex

Stats & Trends

Median Asking:

$699,000

Sale Price/ft²

$384

Below Asking

0.01%

Average Days on Market

54

Average Home Size

2595 ft²

Average Home Age

73.7 years

Currently For Sale

1390 Listings
Based on RH Advisors, Inc. calculations of home data from MLS and/or public records.

Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

Rentals Near You

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Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 71936979

Frequently Asked Questions

When was property at 3 Matthew Street built and last sold?
The property at 3 Matthew Street was built in 1970 and last sold on Jan 1, 1970 for $525,000.
How much is this home worth?
The estimated value of the home located at 3 Matthew Street is $424,738.
What are some comparable homes to 3 Matthew Street?
There are currently no comparable homes to 3 Matthew Street.
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